Thyssenkrupp reports net loss due to high costs from legacy projects and restructuring expenses.

From Investing.com: 2024-08-14 01:15:29

Thyssenkrupp reported a net loss of 54 million euros in its fiscal third quarter due to high costs from legacy projects and restructuring expenses, halting the sales process for one unit. The company also paused selling its Automation Engineering business and is considering deeper restructuring for its powertrain division amid ongoing challenges. Chief Financial Officer Jens Schulte cited opposing market trends and one-time effects impacting the company’s transformation progress. $1 = 0.9113 euros.



Read more at Investing.com: Thyssenkrupp swings to quarterly net loss as one-offs bite By Reuters